Vivendi to Buy Major Activision Inc. (ATVI) Stake
Vivendi SA announced that the company plans to acquire a controlling stake in Activision, Inc. and fuse both companies into one entity. If this deal is finalized, the new company would rival Electronic Arts Inc, the world's largest video game publisher. Activision currently has a plethora of leading video game titles, including "Guitar Hero," "Call of Duty" and the "Tony Hawk" series. Vivendi Games publishes "Crash Bandicoot" and owns the online role-playing franchise "World of Warcraft." The combination of both companies would create the world's largest pure-play online and console game publisher. Under the initial terms of this agreement, Vivendi…